Premier Li to attend Summer Davos forum

Chinese Premier Li Keqiang will attend the Summer Davos Forum in northeast China's Dalian city from Sept. 9 to 10, Foreign Ministry spokesperson Hua Chunying announced on Friday. Hua said in a press release that Premier Li will address the opening ceremony of the annual forum, also known as the 2015 New Leaders Meeting of the World Economic Forum. The annual event is held alternatively in Dalian and Tianjin Municipality.Source: China.org.cn, Summer Davos' to eye economic growth: Final preparations A staff member works at the conference hall of 2014 New Leaders Meeting of the World Economic Forum in Tianjin on September 9, 2014. The New Leaders Meeting, also known as the Summer Davos forum, was held in Tianjin from September 10 to 12, 2014. [File Photo: Xinhua] are underway for the upcoming "Summer Davos" sessions in the city of Dalian next week. This year's discussions will include a focus on both Chinese and global economic growth, along with technological innovation. Around 17-hundred business and political leaders from more than 90 different countries are expected to attend...

Read More........ → September 05, 2015

US-China challenges beyond 2015

By Dan Steinbock: In the near-term, Washington must manage austerity with pro-growth policies, even amid secular stagnation. In turn, Beijing seeks to manage local debt challenges with subdued but solid growth. In both the United States and China, policy outcomes have far-reaching, global implications. The U.S. budget deal: avoiding downside risks in 2014 After weeks of private talks, House and Senate negotiators, led by Sen. Patty Murray (D-WA) and Rep. Paul Ryan (R-WI), struck a budget agreement. The latter would replace $63 billion of the sequestration cuts slated for 2014-15 with alternative savings measures. The bipartisan objective was to surpass the 2011 budget-cutting law, particularly the automatic spending cuts (the so-called ‘sequester’), to avoid still another government shutdown and to ensure some stability to fiscal policy-making over the next two years. In contrast to the once-hoped for “grand bargain,” the new plan is modest. While it was designed not to redesign the tax code and not to touch federal entitlement programs, it seeks to ensure more spending for domestic...

Read More........ → January 05, 2014

China urges US to respect air zone

Photo: RIA Novosti Chinese leaders urged the United States to respect the establishment of a new air defence identification zone (ADIZ) with an "objective and fair attitude," the Foreign Ministry said on Thursday. The call to respect the zone was made during talks with US Vice President Joe Biden, who met President Xi Jinping and Vice President Li Yuanchao on Wednesday, ministry spokesman Hong Lei said. Biden was scheduled to meet Premier Li Keqiang on Thursday after telling Xi that US leaders "don't recognize the zone, that we have deep concerns about it," a US official said. Biden "indicated to Xi that we are looking to China to take steps to lower tensions," including the opening of communication with Japan, the official said. Declared on November 23, the zone covers the Japanese-controlled Senkaku islands, which lie near oil and gas reserves and are claimed by China as the Diaoyu and Taiwan as the Tiaoyutai. Biden held talks in Tokyo on Tuesday with Japanese Prime Minister Shinzo Abe. He is scheduled to travel to Seoul later Thursday to meet South Korean leaders, who have also...

Read More........ → December 30, 2013